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Meta’s massive comeback, FED’s latest hike, GPT-4 rumors + Spotify earnings with Lon Harris | E1671
This Week in Startups
Snap Is Up, but It's Stuck Immediately Dropped 10% Upon Earnings Yesterday Whereas Meta Is Through the Roof
Revenue is down year over year, a little bit, 4%, which you would expect in a down market for an advertising based business. But they lost $4.2 billion in Q4. I think looking at the newfound focus, they are getting focused on the existing business,. leaning into AI and maybe cutting some of the costs associated with the metaverse. So that's probably the big difference. Snap is up today. Everything's up today. Today is on a river because good transition.
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